All of that is bearish, bearish, bearish. Stay below that area is paramount for the bears to remain in control. A move above those levels, would certainly disappoint the shorts on the failure. KEY….KEY…area. The price chopped higher yesterday with the pair moving up to a high of 1.16577 — -within 11 pips of the lower levels of topside resistance area. Today the price is mostly lower but going no where. The range is only 29 pips. The average range over the last month has been 73 pips. There is room to roam if the pair can get a push.Drilling further to the 5-minute chart, the price is chopping around the 100 and 200 bar MA (blue and green lines and is below a topside trend line at 1.1645, and above a lower trend line at 1.1627. Those trend lines are converging closer and closer together. The market is non-trending. We can look for a break and run at some point.